Welland Mortgage Calculator
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Enter the amount that you are planning on paying for the property
STEP 1
Enter property purchase price
Haven't found a property to purchase yet?
Option #1
Option #2
Option #3
Option #4
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Enter the amount that you will pay upfront
toward the property to obtain a mortgage
–
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CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
+
$19,000
$13,950
$11,900
$0.00
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Total mortgage amount is calculated by subtracting
the down payment from the property price and adding
CMHC mortgage insurance (if applicable)
=
$494,000
$463,950
$436,900
$400,000
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Amortization period is length of time that it would take
the mortgage holder to pay off the mortgage in full
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Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
STEP 2
Select province to get current
mortgage rates
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Mortgage type specifies whether the interest
rate is variable or fixed
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Mortgage term is the duration of time that you
are committed to a lender, rate and conditions
?
Mortgage rate is the interest rate that you will
be paying on the outstanding balance for the
duration of the mortgage term
Select
Select
Select
Select
4.59 %
4.64 %
4.64 %
4.74 %
4.79 %
4.99 %
5.09 %
5.14 %
5.14 %
5.39 %
5.39 %
5.49 %
5.74 %
5.74 %
6.49 %
STEP 3
Select one of the mortgage
rates currently available
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Please select how often you would like
to make your mortgage payments.
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
–
–
–
–
?
This is an estimate of how much you should expect
to spend upfront in order to make this purchase
Down Payment
$25,000
$50,000
$75,000
$100,000
Mortgage Insurance PST
+
$1,520
$1,116
$952
$0
Lawyer Fee
+
$1,000
$1,000
$1,000
$1,000
Title Insurance
+
$500
$500
$500
$500
Land Transfer Tax
+
$6,475
$6,475
$6,475
$6,475
Total Cash Needed
=
$34,495
$59,091
$83,927
$107,975
First time home buyers in Welland are eligible for a Land Transfer Tax rebate of up to $4,000
Welland Mortgage Calculator Examples
Welcome To 210 Maple Ave In Welland. This Beautiful 2 Storey Home Has Been Completely Renovated! This Home Has Great Curb Appeal And Is Centrally Located Near A Bus Route, Within Walking Distance To The Grocery Store And Close To All Amenities. As You Enter Into The Front Foyer You Will Notice The Spacious Living Room And Dining Room With Wood Burning Fireplace And Piano Which Stays With The Home. Around The Corner, You Have A Brand New Open-Concept Kitchen With New Stainless Steel Appliances And Quartz Countertops And A Mudroom Leading To The Fenced Backyard. Downstairs Is Fully Finished With Laundry And A 3-Pce Bath. Upstairs You Have 3 Large Bedrooms With Lots With Plenty Of Natural Sunlight Pouring In And A 4 -Piece Bath. Updates Include: Roof, Kitchen Cabinets, Countertops, Appliances, Flooring, Fresh Paint Throughout, Renovated Basement, New Lighting, Renovated Bathrooms, Dimmable Pot Lights, Waterproofing, Most Windows, Eavestroughs, Furnace And Air Conditioner, And Chimney. Two Parking Spots, One In Front And One At The Back, Mutual Driveway. (Id:23934)
CALL1.877.896.6727
Property Price
$649,900
Minimum Down Payment (%)
6.15%
Minimum Down Payment ($)
$39,990
Mortgage Insurance ($)
$24,396
Mortgage Required ($)
$634,306
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,473
Mortgage Insurance PST
$1,952
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$52,915
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$48,915
Monthly Payment
$3,543
Introducing This Stunning Brick And Stone Bungalow With A Walk-Out Basement On Ravine, Backs On To Draper's Creek. View Of Green Space From All Levels Of This Home. This Custom Bungalow Was Built And Designed With Quality In Mind. This Home Is Absolutely Pristine Inside And Out, Backs Onto Nature ,Conservation Area. Open Concept Main Floor, With Cathedral Ceilings, Hardwood Floors, Pot Lights. Great Room With Gas Fireplace, Eat-In Kitchen With Breakfast Bar , Stainless Steel Appliances , Walk-Out To Deck. Large Main Floor Laundry Room With Entry To Garage .The Primary Bedroom Features 4 Piece Ensuite Bathroom With Jet Tub And Separate Shower, Walk In Closet, And Beautiful Views Of The Ravine . Bright Walk-Out Basement Includes A Gas Fireplace, Wet Bar, Full Bathroom, 2 Additional Bedrooms.( One Of The Bedrooms Is Currently Used As Craft Room) Additional Upgrades Are 200 Amp Electrical Service, Remote Control Awning ,Exposed Aggregate Driveway & Lower Patio . Amazing Neighborhood, Close To Schools, Shops, Public Transport, Golf Course And Much Much More. Book Your Private Walk Through Today ! (Id:23934)
CALL1.877.896.6727
Property Price
$1,149,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$229,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$919,200
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$19,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$250,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$246,755
Monthly Payment
$5,134
Live In One Half, Rent Out The Other... Or Return It To A Single Family. (Easily Transform It Back Into A Single-Family Home). There Are Many Upgrades Including The Furnace (2013), Central Air, Hot Water On Demand, And An Upgraded Hydro Panel (2015). There Is Lots Of Parking And Yard Size. This Home Is Located On The North End Of Welland With Great Conveniences Including Schools, Niagara College, Shopping, Restaurants, The Canal, And The Highway. (Id:23934)
CALL1.877.896.6727
Property Price
$339,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$16,950
Mortgage Insurance ($)
$12,882
Mortgage Required ($)
$334,932
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$3,560
Mortgage Insurance PST
$1,031
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$23,041
First Time Home Buyer
Land Transfer Tax Credit
-$3,560
Cash Needed
$19,481
Monthly Payment
$1,871
Introducing This Stunning Brick And Stone Bungalow With A Walk-Out Basement On Ravine, Backs On To Draper's Creek. View Of Green Space From All Levels Of This Home. This Custom Bungalow Was Built And Designed With Quality In Mind. This Home Is Absolutely Pristine Inside And Out, Backs Onto Nature ,Conservation Area. Open Concept Main Floor, With Cathedral Ceilings, Hardwood Floors, Pot Lights. Great Room With Gas Fireplace, Eat-In Kitchen With Breakfast Bar , Stainless Steel Appliances , Walk-Out To Deck. Large Main Floor Laundry Room With Entry To Garage .The Primary Bedroom Features 4 Piece Ensuite Bathroom With Jet Tub And Separate Shower, Walk In Closet, And Beautiful Views Of The Ravine . Bright Walk-Out Basement Includes A Gas Fireplace, Wet Bar, Full Bathroom, 2 Additional Bedrooms.( One Of The Bedrooms Is Currently Used As Craft Room) Additional Upgrades Are 200 Amp Electrical Service, Remote Control Awning ,Exposed Aggregate Driveway & Lower Patio . Amazing Neighborhood!**** Extras **** Built-In Microwave, Dishwasher, Dryer, Refrigerator, Stove, Washer, Window Coverings Exclude Gas Window Art In Dining Room (Id:23934)
CALL1.877.896.6727
Property Price
$1,149,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$229,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$919,200
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$19,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$250,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$246,755
Monthly Payment
$5,134
Welcome To 244 Autumn Crescent Located In A Quiet Neighborhood In Welland. The Main Floor Of This Home Features A Spacious And Cozy Living Room, Bright Eat In Kitchen With Island, Stainless Steel Appliances, Clean White Cupboards With Plenty Of Space & Double Sink. Entertaining During The Warm Months Will Be A Breeze With The Sliding Doors That Lead To The Deck Overlooking The Private Fenced Yard With Green Space And Shed For All Your Outdoor Storage Needs. The Main Floor Also Provides 2 Good Size Bedrooms With Closets, 4 Piece Bath And A Well Appointed Primary Bedroom. The Lower Level Offers A Recreation Room, Two Additional Bedrooms And A 4 Piece Bath Making This A Great Space For The Older Kids Or For Company To Stay While Visiting. Located Minutes To Schools, Parks, Restaurants And Shopping, This Home Is Just Waiting For You To Move In And Start Making Memories! (Id:23934)
CALL1.877.896.6727
Property Price
$599,900
Minimum Down Payment (%)
5.83%
Minimum Down Payment ($)
$34,990
Mortgage Insurance ($)
$22,596
Mortgage Required ($)
$587,506
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$8,473
Mortgage Insurance PST
$1,808
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$46,771
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$42,771
Monthly Payment
$3,281
Mortgages In Welland
Almost touching the coastline of Lake Erie and hosting the Welland River, Welland is most certainly one of those 'spots' that home buyers should take a hard look at for their new home. The Welland Canal is used recreationally for free summer concerts performed on a floating stage but was originally built to move goods between the Great Lakes. There are a lot of community clubs and activities to be found in this fun city, like the Notre Dame Rowing Club. Not far from St. Catharines, Niagara Falls, and even Toronto, home buyers will appreciate the affordable housing stock here and the quality-built older homes and newer affluent developments. A Welland mortgage calculator can assist you in various ways, as there are different calculators that are designed to scoop up the numbers and work them for you. A mortgage calculator is more basic and only requires the mortgage loan amount, the years anticipated to repay the loan, the start date, and the interest rate. Choosing to purchase a home via a mortgage loan will depend on you, the decisions you make, and your financial standing. A mortgage loan is unlike any other type of loan, and the process to approval can be harrowing to say the least.
More and more people are becoming or have become self-employed, which in the past, has been a guaranteed denial on any mortgage loan application, but things are looking up! The CMHC guidelines that lenders must adhere to have loosened their criteria up just enough to allow lenders to work with self-employed business owners for a mortgage loan. Yes, there is a little more in-depth documentation to pull together, but for all home buyers, this is great news! So, shopping for a home in Welland and gaining mortgage loan approval is closer than you think. Entrepreneurs highly contribute to their communities and to the economy, and they are now eligible to work through a mortgage with a financial advisor and create a strategy for financial management that will help to transition the borrowers to home owners! It all begins with a mortgage calculator and your motivation to stroll through the processes involved with a mortgage loan & the lender. It is advisable to 'visit' with a few different lenders to see which mortgage products they offer you at what interest rate. You oversee the final decision of how you want your mortgage to work for you, but remember that this is a long-term commitment.